Description

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Global energy markets are undergoing dramatic shifts. Developing countries are beginning to outpace their more developed counterparts in energy demand, the result not simply of higher economic growth rates in the former, but also due to increased efficiency in the latter. Traditional producers of hydrocarbons in places such as Latin America, Eurasia, North Africa, and the Middle East face a host of political, economic, technical, and societal challenges that could potentially lead to major disruptions in the global energy supply. Meanwhile, the unconventional fossil fuels revolution has led to major changes in the flow of the global energy supply, seemingly overnight.